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Cyberattacks are on the increase, so who is most at risk?

Cyberattacks are a growing problem. They’re getting easier for criminals to conduct, they’re happening more often, and they’re hitting businesses harder than ever.

Though cyberattacks can affect everyone, they’re proving to be particularly dangerous to small and medium-sized businesses. The Canadian Chamber of Commerce, in a report this year entitled Cyber Security in Canada, noted statistics that “the number of businesses reporting a loss or exposure of sensitive data… has increased every year for the past three years and 8% overall.”

Furthermore, the report noted, “along with the proliferation of attacks, the scale of losses has also increased. The number of businesses reporting a $1 million-plus loss has risen to 7% from just 1% two years ago.”

The risk of cyber attack is growing quickly and it is imperative that your business be protected against these possible cyber threats.

Source: http://www.insurancebusinessmag.com/ca/news/cyber/cyberattacks-are-on-the-increase-so-who-is-most-at-risk-84820.aspx